Share via

Pearson became the latest FTSE 100 group to face a shareholder backlash over pay when more than a third of investors rejected its pay awards.

The owner of the Financial Times and the Penguin Random publishing house said that the revolt was a “one-off legacy” relating to a share award given to Rona Fairhead, the departing chief executive of FT Group.

Including shareholders who withheld their votes, 37 per cent refused to endorse Pearson’s remuneration report.

Pearson had sought to head off a revolt this month by assuring investors that it would seek their approval before issuing special discretionary pay